Bitcoin Plunges to $82,775 Amid Inflation and Interest Rate Fears

Bitcoin fell to an intraday low of $82,775.94 on Tuesday, amid growing concerns about inflation and interest rates.

The US job openings report for August showed modest cooling, but this was overshadowed by a decline in consumer confidence and a rise in expectations of higher interest rates.

The Conference Board's September consumer confidence index fell to 81.9 from 88.6 in August, with the Expectations Index declining for a third consecutive month to 63.6.

Consumers are increasingly worried about inflation, with the share of those expecting higher interest rates over the next 12 months rising 5.2% to 68.4%, and average expected inflation increasing to 6.1%.